Payables - Pay in Bulk

Can I process payouts in Bulk?
Yes, you can process payouts in bulk.
Thu, 26 Sep, 2024 at 6:46 PM
Where can I find the template to upload?
Navigate to Payables Click on Pay in Bulk Click on Download Template Fill in the details in the Template Upload the filled Template
Thu, 26 Sep, 2024 at 6:46 PM
What are the details required to process Bulk Payout?
You need the following details to process the Bulk Payout Beneficiary Name Beneficiary Account Number Beneficiary IFSC Code Amount Categorization of T...
Thu, 26 Sep, 2024 at 6:47 PM
Will I get an OTP for processing the Bulk payment?
Yes, while processing a bulk payout, the registered mobile number with the bank will receive the OTP for a Single Admin current account. If the maker-checke...
Thu, 26 Sep, 2024 at 6:47 PM
Will it be a Single OTP or multiple OTPs based on the number of transactions?
Bulk Payout is a file-based transaction hence it will be a single OTP based transaction. In case the maker-checker is enabled in your current account, the c...
Thu, 26 Sep, 2024 at 6:48 PM
I don’t have a Current Account with OPEN’s Partnered Bank, can I still make a Bulk Payout?
Yes, you can make Bulk Payout via Open Pay. Load funds to Open Pay and process payout in bulk.
Thu, 26 Sep, 2024 at 6:48 PM